3
Tax on Bank Cheques
Act: Balochistan Finance Act 1996
Section Provisions
ACT IV OF 1996 BALOCHISTAN FINANCE ACT, 1996 ACT IV OF 1996 An Act to levy certain taxes in the Province of Balochistan [Gazette of Balochistan, Extraordinary, 7th July, 1996] No. PAB/LEGIS. V.(28)/96 dated 7-7-1996.--The Balochistan Finance Bill, 1996 having been passed by the Provincial Assembly on 26th June, 1996 and assented to by the Governor of Balochistan, is hereby published as an Act of Provincial Assembly. 3. Tax on Bank Cheques.--(1) There shall be levied a tax at the rate of paisa fifty per cheque presented for transaction in all the Commercial Banks carrying on business in the province. (2) The tax shall be collected by the respective banks at the time of issue of cheque books and deposited with the Government in the prescribed manner.